Welcome to this week’s edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report shows continued declines, almost parallel, for both cars and trucks. The report also highlights three-year retention trends for Sub-Compact Cars, which have continued to feel depreciation pressures due to moderate fuel prices and competition from crossover models.
“It’s a typical December performance for used vehicle value trends as broad market declines continue,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
- Volume-weighted, overall car segment values decreased by 0.68% last week, higher than the average weekly decrease of 0.61% in values over the previous four weeks.
- The Sub-Compact Car segment decreased in value at the highest rate among all the car segments.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.62% last week, higher than the average weekly decrease of 0.49% in values over the previous four weeks.
- The Sub-Compact Crossover segment decreased in value at the highest rate among all the truck segments.
Author: Black Book
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